AIRAN
Airan financials
- Market cap
- ₹214 Cr
- Sector
- Information Technology
What Airan Limited does
Airan Limited is an IT and IT-enabled services company that provides outsourced operational support to banks and other clients, spanning cash management services, doorstep banking, fee collection/counter management, Aadhaar-based eKYC customer onboarding, cheque truncation/processing, e-stamping and registration-fee collection. It also runs document management, records management, back-office and bookkeeping operations, contact-centre services, address and credit verification, digital document verification and automobile inspection, alongside software development, data migration, payroll processing and labour-law compliance services. The company delivers these services out of its Ahmedabad, India headquarters and through subsidiaries incorporated in Australia, Singapore and the UK, in addition to its Indian subsidiaries.
- Permanent employees
- 1,647 (as on March 31, 2025)
- Service lines (Spectrum of Services)
- 20 distinct banking BPO, back-office and IT services
- Subsidiaries
- 6 — Cqub Infosystems, Airan Global, Airan Australia, Airan Singapore, Airan UK, Quadpro ITeS
- Countries of operation
- India, Australia, Singapore, UK
- Quality/security certifications
- ISO 27001 (Information Security Management System) and QMS certified
Quarterly results
Q1 FY27: revenue up 3.2%, net profit up 130.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 24 | 25 | 23 | 24 +4% | 27 +12% | 28 +14% | 24 +3% |
| EBITDA | 2 | 5 | 5 | 3 | 2 +42% | 3 −46% | 5 +4% | 3 −20% |
| Net profit | -3 | 1 | -4 | 3 | 0 +108% | 8 +473% | 0 +108% | 6 +131% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −34.5% 1Y
1Y: ₹26.15 on 10 Sept 2025 → ₹17.13. High ₹26.83 (19 Sept 2025), low ₹12.83 (30 Mar 2026).
Financials, as filed
Revenue grew 2.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹94 Cr | ₹92 Cr | ₹94 Cr | ₹101 Cr |
| Operating profit | ₹16 Cr | ₹17 Cr | ₹16 Cr | ₹13 Cr |
| Operating margin | 17.2% | 18.0% | 16.5% | 12.8% |
| Interest | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹11 Cr | ₹11 Cr | ₹17 Cr | ₹11 Cr |
| Net margin | 11.2% | 12.3% | 17.9% | 10.8% |
| Cash from operations | ₹18 Cr | ₹2 Cr | ₹19 Cr | ₹5 Cr |
| Free cash flow | ₹8 Cr | ₹-8 Cr | ₹16 Cr | ₹4 Cr |
| ROCE | 12.0% | 13.0% | 11.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹61 Cr | ₹69 Cr | ₹78 Cr | ₹90 Cr | ₹123 Cr | ₹117 Cr |
| Borrowings | ₹6 Cr | ₹2 Cr | ₹2 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Other liabilities | ₹16 Cr | ₹16 Cr | ₹19 Cr | ₹21 Cr | ₹36 Cr | ₹24 Cr |
| Total liabilities | ₹108 Cr | ₹112 Cr | ₹124 Cr | ₹135 Cr | ₹185 Cr | ₹166 Cr |
| Fixed assets | ₹59 Cr | ₹56 Cr | ₹62 Cr | ₹67 Cr | ₹79 Cr | ₹63 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Investments | ₹7 Cr | ₹18 Cr | ₹14 Cr | ₹14 Cr | ₹45 Cr | ₹40 Cr |
| Other assets | ₹41 Cr | ₹38 Cr | ₹48 Cr | ₹53 Cr | ₹59 Cr | ₹62 Cr |
| Total assets | ₹108 Cr | ₹112 Cr | ₹124 Cr | ₹135 Cr | ₹185 Cr | ₹166 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.15 pp while promoters trimmed −0.13 pp. The shareholder count shrank 9% to 56,652.
- Promoters
- 72.2%
- Public
- 27.8%
Since Jun 2025
- Public +0.15 pp
- Promoters −0.13 pp
- FIIs −0.01 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 72.4%, Public 27.6%.Dec '23: Promoters 72.4%, Public 27.6%.Mar '24: Promoters 72.4%, Public 27.6%.Jun '24: Promoters 72.4%, Public 27.6%.Sep '24: Promoters 72.3%, FIIs 0.0%, Public 27.6%.Dec '24: Promoters 72.3%, FIIs 0.1%, Public 27.6%.Mar '25: Promoters 72.3%, Public 27.7%.Jun '25: Promoters 72.3%, FIIs 0.0%, Public 27.6%.Sep '25: Promoters 72.2%, Public 27.8%.Dec '25: Promoters 72.2%, FIIs 0.1%, Public 27.7%.Mar '26: Promoters 72.2%, Public 27.8%.Jun '26: Promoters 72.2%, Public 27.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Airan Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Airan Network Private Limited | 33.59% | unchanged |
| Sandeepkumar V Agrawal | 12.00% | unchanged |
| SANDEEPKUMAR VISHWANATH AGRAWAL (HUF) (KARTA: Abhishek Sandeepkumar Agrawal) | 12.00% | unchanged |
| Poonam Sandeepkumar Agrawal | 10.01% | unchanged |
| Abhishek Sandeepkumar Agrawal | 4.54% | unchanged |
| Abhilasha Sandeepkumar Agrawal | 0.08% | unchanged |
| VISHWANATH BHIMSEN AGRAWAL HUF (Karta: SANDEEPKUMAR V AGRAWAL ) | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Airan Limited
Guides on how to read this kind of business and the numbers that matter.